Prices of vegetables and pulses stoke retail inflation : PHD Chamber

New Delhi: “Jump in the prices of vegetables, cereals, pulses and spices vis-à-vis supply disruptions due to abnormal monsoon behaviour in many parts of the country stoked retail inflation. The vegetable inflation rate increased from -0.93% in June 2023 from 37.34% in July 2023,” said Saket Dalmia, President, PHD Chamber of Commerce and Industry.

“The inflation rate of pulses and products increased from 10.53% in June 2023 to 13.27% in July 2023. The inflation rate of cereals and products increased from 12.71% in June 2023 to 13.04% in July 2023. The inflation rate of Spices increased from 19.19% in June 2023 to 21.63% in July 2023,” added Dalmia.

“The flood situation in many vegetable producing States disrupted supplies of food products and pushed the prices at significantly high level,” he said.

“As monsoon behavior is stabilizing in the recent weeks, the prices of food products have also started softening and inflation trajectory is expected to come down in the coming months,” said Dalmia.